§ 50. Mr. De Rothschildasked the Chancellor of the Exchequer what was the average rate at which Treasury bills were allotted at the last tender before the in crease in the Bank Rate; and what has been the average rate since?
§ Sir J. SimonThe average rate at which bills were allotted on 18th August was 15s. 7d. The average of the corresponding rates for the seven subsequent tenders was £3 3s. 2d.
§ 51. Mr. De Rothschildasked the Chancellor of the Exchequer what has been the additional cost to the Exchequer from the increase in rates of Treasury Bills since the Bank Rate was raised?
§ Sir J. SimonThe additional cost averaged over the six tender dates has been roughly £370,000 a week.